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Interpretation of bitcoin white paper

Publish: 2021-05-01 07:15:20
1. 1. bitcoin white paper: a peer-to-peer e-cash system, written by Tsung Nakamoto. Read this white paper first, and then consider other contents
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recommends a block chain related APP, called golden finance, recommends a public official account, called "Xiao Ke online". The article is rich in materials;
2. There are a lot of white papers on blockchain in the market, but most of them are based on the projects or procts behind them. This is probably how the white paper of Ansoft cloud comes from. It mainly introces its original research and development intention, application scenarios, technical analysis and so on. It can be seen on the official website of Zhongan technology. It's public and free of charge, As a basic course to understand blockchain, it's very good.
3. Throughout history, there have been cases of gold, goods and even land confiscation in times of crisis. It is also disturbing that, as we have seen in Venezuela, people there are struggling with high inflation. Sometimes it is extremely difficult to convert money into another currency, which makes people feel helpless and can only watch their life savings be worthless. Bitcoin is very different. It is in electronic form and has no boundary restrictions. It can be transferred without any intermediary. Anyone who connects to a mobile device or the Internet can use it. All transactions are permanently recorded in the public ledger, and there is no dispute about ownership
in a recent article in the New York Times, a Venezuelan economist described how bitcoin became a part of Venezuela's daily life, so that on a mainstream bitcoin trading platform, Venezuela's trading volume ranked second only to Russia in the world. But bitcoin is not just used to protect wealth in extreme conditions. In general, bitcoin is also an excellent choice for portfolio diversification, and it should be seen as part of a comprehensive wealth preservation strategy.
4. It seems that on October 31, 2008, Satoshi Nakamoto published the white paper of bitcoin for the first time, and proposed to realize value transfer through decentralized bitcoin network.
5.

Bitcoin is a kind of electronic cryptocurrency based on blockchain, which is decentralized, global, and does not need third-party institutions or indivials. Bitcoin was invented and founded by Nakamoto (pseudonym) on January 3, 2009, based on the peer-to-peer network without borders, using consensus initiative open source software. It is the ancestor of cryptocurrency and blockchain, and is also the cryptocurrency with the highest popularity and market value at present

generally speaking, bitcoin is a digital currency with a total amount of 21 million, which has the characteristics of decentralization, globalization, anonymity and so on, just like the Internet. Transferring bitcoin to the other side of the earth is as simple, low-cost and unlimited as sending e-mail. Bitcoin is therefore used in cross-border trade, payment, remittance and other fields


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extended materials:

the global financial crisis broke out in 2008. On November 1, 2008, a person who called himself Nakamoto published bitcoin white paper "bitcoin: a peer-to-peer e-cash system" on the P2P foundation website, stating his new idea of e-currency bitcoin. On January 3, 2009, bitcoin Genesis block was born

compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or collect bitcoin, And in the transaction process, foreigners can not identify the user's identity information

as a standardized, globalized, highly volatile, 24-hour and never-ending trading target, bitcoin is more volatile than stocks, foreign exchange, precious metals and other electronic disk targets; In terms of standardized trading, soaring history and future prospects, it is better than the physical speculation targets such as stamps and coins, garlic, Pu'er tea and Huangli wood, so it has attracted a lot of hot money to participate in the speculation

at present, the funds attracted by bitcoin as the target of speculation far exceed the funds attracted by the payment system. At least half of the price of each yuan is the value of the target of speculation

reference: network bitcoin

6. Here is a brief introction to the origin of bitcoin white paper
on November 1, 2008, a mysterious cryptography geek named Satoshi Nakamoto released the white paper
in January 2009, bitcoin was born, so this white paper is the origin of bitcoin

Internet search: "sister coin teaches you bitcoin" or "sister coin"
7. In 2015, I happened to see bitcoin news and read the white paper of bitcoin. I didn't think I recognized it very much and have been following it until now.
8.

in fact, bitcoin has soared in recent years. Almost all the people who invested in bitcoin in the past few years have made a lot of money according to media reports, Wang Xing, founder of meituan, invested in bitcoin a few years ago. Now the price of bitcoin has reached new highs, and the profit of bitcoin invested by Wang Xing has exceeded 100 times. But in fact, there are not many people who have invested in bitcoin. Many Internet practitioners have invested in bitcoin, and there are also special money speculation organizations in China that use bitcoin as a financial asset. A few years ago, bitcoin fluctuated a lot, and many investors left the market at a loss. However, since last year, a lot of hot money has poured into the bitcoin market, and the price has been pushed again and again, and many investors have also made a lot of money

9.

Bitcoin is an electronic currency, which is based on cryptography. On November 1, 2008, Nakamoto Tsung published a white paper on bitcoin, in which a decentralized electronic accounting system was proposed. Our usual e-cash is recorded by banks, because behind the bank is the national credit. Decentralized electronic bookkeeping system is the common bookkeeping of participants. Bitcoin can prevent sovereign crisis and credit risk{ RRRRR}

the principle of bitcoin generation is the special solution generated by complex operation, and mining is the process of finding the special solution. However, the total number of bitcoin is only 21 million, and with the continuous mining of bitcoin, the more difficult it will be to proce bitcoin, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself. Bitcoin is a kind of virtual currency, its issuance does not rely on any institutions; Now it's ready to trade, and it supports global 7 * 24 trading. It should be noted that the price of bitcoin fluctuates greatly. Ordinary investors have no ability to buy and sell. It is very difficult for many investors to grasp the price of bitcoin

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